Daily HFT Trade Setup – AUDUSD Stumbles at HFT Sell Area
HFT algorithms' activity in the Forex market today shows that the AUDUSD pair is trading at the light HFT selling pressure zone, which is located at 0.7514 and above.
AUDUSD reached this HFT area in the previous hour, and so far we are seeing a moderate price reaction, though not a strong bearish signal on the technical charts yet.
The previous highs also come at levels inside the HFT sell area, which could add stronger bearish pressures, even if AUDUSD attempts to climb a little higher later today.
To the downside, the light HFT buying pressure zone is located today at 0.7458 and below.
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